Finance
STMicro to buy part of NXP Semiconductors' sensor business for up to $950 million
Published by Global Banking & Finance Review®
Posted on July 25, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 25, 2025
1 min readLast updated: January 22, 2026
STMicroelectronics will acquire part of NXP's sensor business for $950 million to expand its MEMS sensor portfolio amid market challenges.
(Reuters) -French-Italian chipmaker STMicroelectronics said on Thursday it would acquire part of NXP Semiconductors' sensor unit for up to $950 million in cash.
The deal would expand STMicro's portfolio of MEMS-based electromechanical sensors, which include safety and monitoring sensors for vehicles as well as pressure sensors for industrial applications.
The unit generated revenue of about $300 million last year, STMicro said in a statement.
As part of the agreement, STMicro would make an upfront payment of $900 million and $50 million on achieving certain technical milestones.
The deal is expected to close in the first half of 2026.
Chipmakers exposed to the struggling automotive, industrial, and consumer chip markets have faced a sales slump as they grapple with low demand and high inventories.
Earlier in the day, STMicro, one of Europe's largest chipmakers, reported its first quarterly loss in over a decade as it took a $190 million hit from restructuring and impairment costs.
(Reporting by Mariam Sunny in Bengaluru; Editing by Anil D'Silva)
STMicroelectronics will acquire part of NXP Semiconductors' sensor unit for up to $950 million in cash.
As part of the agreement, STMicro will make an upfront payment of $900 million and an additional $50 million upon achieving certain technical milestones.
The deal is expected to close in the first half of 2026.
Chipmakers are experiencing a sales slump due to low demand and high inventories in the automotive, industrial, and consumer chip markets.
Earlier in the day, STMicro reported its first quarterly loss in over a decade, taking a $190 million hit from restructuring and impairment costs.
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